and david leonhardt, author of "here's the deal: how washington can solve the deficit and spur growth." i am pleased to have them both on the program. what's the headline coming out of bernanke's press conference? >> i think steady as it goes is the main headline. the fed is going to continue to buy these bonds it has been buying at about the same pace. it's going to continue doing it until sees unemployment fall to about 6.5%. i don't think there are any changed today. i think the most interesting part of the news conference was when bernanke wanted to stay on in the job. although he refused to answer the question he said he and president obama had spokeeb about it "a bit." i think it's interesting to think about the idea he and obama have talked about whether he wants a third term and how inclined obama is to give it to him. >> rose: i would think if obama is talking to him about it it suggests will obama would like for him to continue. >> i think that's a good assumption. i think obama clearly likes bernanke and thinks on the whole bernanke has done a good job. he has made the same